New Delhi [India], Morgan Stanley global investment bank said in its latest report '2024 Global Economic Media Outlook' that growth in India, already strong and growing, has become more widespread on both consumer and business spending sides. . , , I have given. ', attributed India's strong growth to three big trends - global offshoring, digitalization and energy transition.
Morgan Stanley estimates growth at 6.8 per cent in 2024 (against the RBI's 7 per cent) and 6.5 per cent next year, and believes inflation will remain within the comfort zone of policymakers.
The retail inflation rate in April 2024 was 4.83 percent, which is the lowest in the last one month. However, retail inflation in India remains at the RBI's comfortable 2-6 per cent level, but above the ideal 4 per cent scenario.Inflation has been a matter of concern for many countries, including advanced economies, but India has managed to control its inflation. , Pretty much the trajectory. Well.
"India will benefit from the strong global growth we forecast, which will boost export earnings and support domestic capital expenditure," Morgan Stanley said.
In the report, the investment bank said capital expenditure (which has increased manifold over the last decade) is likely to recover faster than expected due to the strong business environment and police reforms.
India's GDP grew by a massive 8.4 per cent during the October-December quarter of the financial year 2023-24 and the country remained the fastest growing major economy.India's economy is expected to grow by 7.2 percent in 2022-23 and 8.7 percent in 2021. -22 respectively. Fourth quarter data is expected later this week.
India's economy is expected to grow by 7.2 percent in 2022-23 and 8.7 percent in 2021-22 respectively.
The size of India's gross domestic product (GDP) currently ranks 5th after the US, China, Germany and Japan.It overtook the UK in 2022. Just a decade ago, Indian GDP was the eleventh largest in the world. India's GDP is currently estimated at approximately US$3.7 trillion.
Citing various macroeconomic parameters that have performed quite well, India's G2 Sherpa and former NITI Aayog CEO Amitabh Kant projected that the country will overtake Japan to become the world's fourth largest economy by 2025.
On Wednesday, S&P Global Ratings revised its rating outlook on India to positive from stable, and said it expected continuity in economic reforms and fiscal policies regardless of the Lok Sabha election outcome."Our positive outlook on India is based on its strong economic growth." “Political commitment to improving the quality of government spending and fiscal consolidation,” the global rating agency had said in a statement. We believe these factors benefit credit integrating metrics.
Morgan Stanley estimates growth at 6.8 per cent in 2024 (against the RBI's 7 per cent) and 6.5 per cent next year, and believes inflation will remain within the comfort zone of policymakers.
The retail inflation rate in April 2024 was 4.83 percent, which is the lowest in the last one month. However, retail inflation in India remains at the RBI's comfortable 2-6 per cent level, but above the ideal 4 per cent scenario.Inflation has been a matter of concern for many countries, including advanced economies, but India has managed to control its inflation. , Pretty much the trajectory. Well.
"India will benefit from the strong global growth we forecast, which will boost export earnings and support domestic capital expenditure," Morgan Stanley said.
In the report, the investment bank said capital expenditure (which has increased manifold over the last decade) is likely to recover faster than expected due to the strong business environment and police reforms.
India's GDP grew by a massive 8.4 per cent during the October-December quarter of the financial year 2023-24 and the country remained the fastest growing major economy.India's economy is expected to grow by 7.2 percent in 2022-23 and 8.7 percent in 2021. -22 respectively. Fourth quarter data is expected later this week.
India's economy is expected to grow by 7.2 percent in 2022-23 and 8.7 percent in 2021-22 respectively.
The size of India's gross domestic product (GDP) currently ranks 5th after the US, China, Germany and Japan.It overtook the UK in 2022. Just a decade ago, Indian GDP was the eleventh largest in the world. India's GDP is currently estimated at approximately US$3.7 trillion.
Citing various macroeconomic parameters that have performed quite well, India's G2 Sherpa and former NITI Aayog CEO Amitabh Kant projected that the country will overtake Japan to become the world's fourth largest economy by 2025.
On Wednesday, S&P Global Ratings revised its rating outlook on India to positive from stable, and said it expected continuity in economic reforms and fiscal policies regardless of the Lok Sabha election outcome."Our positive outlook on India is based on its strong economic growth." “Political commitment to improving the quality of government spending and fiscal consolidation,” the global rating agency had said in a statement. We believe these factors benefit credit integrating metrics.